Intercede, the Leicester based supplier of identity and credential management software, announced that final results to March 2011 showed sales of £6.9 million (2010: £6.2 million), adjusted operating profit of £2.0 million (2010: £2.0 million), pre-tax profit of £2.0 million (2010: £510,000) and adjusted EPS of 3.0p (2010: 3.0p). The results include exceptional items of £nil (2010: £1.5 million charge).
Intercede reported that with the increasing incidence of cyber attacks, corporate networks being devolved to the “Cloud” and the increased use of remote communication devices (eg Blackberries, IPads etc) by staff, organisations are having to rely on encrypting data. This requires the management of encryption keys as part of a user's credential, with a resulting increase in demand for Intercede MyID technology.
Increased investment is being made in R&D capacity and sales & marketing in order to be able to satisfy market needs. The Group has over £6 million of cash available to fuel their growth plans.
I fail to see what it is that LCF is bringing to the table here? Taking the above example, your report is a week behind the actual announcement and is just a regurgitation of some key facts from Intercede's RNS.
I genuinely wish to see research houses post here on Stockopedia as there should be a degree of analysis that private investors can usefully learn from. We might even subscribe if we like what we see!
However, the piece above and others like it which LCF periodically dump on Stockopedia add nothing that a newswire doesn't publish within a couple of hours of the announcement.
C'mon LCF, let's see what unique thought and intellectual rigour you can add with your research. Or is that Pay Per View ?
SM
